Insurance Journal

Authorities Probing Damage to Undersea Telecom Cable in Gulf of Finland

Authorities are investigating damage to an undersea telecommunications cable in the Gulf of Finland early Wednesday that occurred between the capitals of Finland and Estonia. Finnish authorities seized and inspected the vessel suspected to have cause...

Posted: Jan 02, 2026

Taiwan Stays on High Alert as Chinese Ships Pull Back After Massive Drills

Taiwan remained on high alert on Wednesday after China staged massive military drills around the island the previous day, keeping its emergency maritime response center running as it monitored Chinese naval maneuvers, the coast guard said. The exerci...

Posted: Jan 02, 2026

US Sanctions Chinese Companies, Tankers With Venezuela Links

The Trump administration stepped up a pressure campaign against Venezuela’s oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of evading restrictions. The Treasury Department&#...

Posted: Jan 02, 2026

Europe’s Space Agency Says Cyber Incident May Have Hit Servers

The European Space Agency said a cybersecurity issue may have impacted a “very small number” of external servers. In a post on the social media platform X on Tuesday, ESA said it was conducting a forensic analysis and had implemented &#82...

Posted: Jan 02, 2026

Porsche to Recall Over 173,000 Vehicles for Rearview Camera Issue

Porsche is recalling 173,538 vehicles in the U.S. as the rearview camera image may not display when the vehicle is placed in reverse, the U.S. National Highway Traffic Safety Administration said on Wednesday. This is one of the largest single …

Posted: Jan 02, 2026

Whose Dog Is That? Delaware Courts Wade Into Pet Custody Fights

The country’s premier corporate law court, which routinely confronts the obduracy of controlling billionaires, is finding pet owners no less intractable in their deal-making. A conflict over ownership of the goldendoodle Tucker pushed Delaware&...

Posted: Jan 02, 2026

Labor Board Abandons One of Its Cases Against Musk’s SpaceX

The US labor board is abandoning a complaint over SpaceX’s severance and arbitration policies, resolving one front of a sprawling legal battle between the agency and Elon Musk’s aerospace company. In a Dec. 18 joint motion, attorneys for...

Posted: Jan 02, 2026

US Lifts Sanctions on Trio Accused of Work on ‘Predator’ Spyware

The US government has lifted sanctions on three people who it previously accused of aiding in the proliferation of “Predator” spyware, a sophisticated surveillance technology that’s allegedly been used against Americans. The Departm...

Posted: Jan 02, 2026

People Moves: Alliant Hires Johnson as EVP in M&A Specialty

Alliant Insurance Services hired Adam Johnson as executive vice president within Alliant Specialty. Based in the San Francisco Bay Area, Johnson has experience in insuring venture capital and private equity funds, along with their portfolio companies...

Posted: Jan 02, 2026

How Maine Is Spending Its Share of Opioid Settlement Money

Over the past five years, the attorney general’s office, with Aaron Frey at the helm, has secured for Maine more than $260 million in settlements with major pharmaceutical companies accused of “supercharging” the opioid epidemic. It...

Posted: Jan 02, 2026

Thousands of Maui Vacation Rentals in Limbo After Council Hits Gridlock

In arguably its biggest decision of the year, the Maui County Council recently voted to phase out roughly 7,000 vacation rentals over the next five years to make room for sorely needed longterm housing for residents. The 5-3 decision on …

Posted: Jan 02, 2026

Goldman Helps Lead Financing for 5-Gigawatt Texas AI Power Sites

Goldman Sachs Group Inc. is co-leading financing for a Texas project to build private power campuses for artificial intelligence. The New York banking giant is working with real estate advisory Newmark Group Inc. to raise both equity and credit for &...

Posted: Dec 31, 2025

Texas Secures $1.25M Settlement from Hyatt for Consumer Protection Violations

Texas Attorney General Ken Paxton secured a $1.25 million settlement with Hyatt Corporation for violating Texas consumer protection laws by marketing hotel rooms at prices that were not available to the public as advertised. Paxton’s lawsuit ag...

Posted: Dec 31, 2025

Michigan AG Provides Tips to Avoid Storm-Related Scams

Michigan Attorney General Dana Nessel sent a reminder to residents to watch out for post-storm scams after a winter storm brought frigid air and more than two feet of snow to much of the state. To avoid falling victim to …

Posted: Dec 31, 2025

Ohio Wendy’s Sued for Disability and Age Discrimination

Wendy’s International, LLC violated federal law when it discriminated against a district manager because of disability and age, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the lawsuit, We...

Posted: Dec 31, 2025

Last of 7 Kentucky Crop Insurance Fraudsters Sentenced to Prison Time

A wide net cast by the U.S. Department of Agriculture and the FBI has landed its final catch—prison time for the last of six Kentucky farmers and a warehouse manager found guilty of a long-running tobacco crop-insurance fraud scheme. Larry …

Posted: Dec 31, 2025

Target, Walmart, Whole Foods Targeted in Botulism Suits

Target Corp., Whole Foods Market and Walmart Inc. will be added as defendants in lawsuits against baby formula maker ByHeart for selling a product potentially contaminated with spores that cause infant botulism. Bill Marler, a prominent foodborne-ill...

Posted: Dec 31, 2025

Brown University Faces US Probe Over Security After Deadly Shooting

Brown University placed its campus police chief on administrative leave and the Trump administration announced an investigation into the school’s security measures after a shooting rampage this month that killed two students and injured nine ot...

Posted: Dec 31, 2025

Tech Update: Zurich Launches AI-Powered Tool to Boost Multinational Contract Certainty

Zurich Insurance Group has launched Zurich Program IQ to help multinational businesses operate with confidence in an increasingly complex risk environment. This new AI-powered tool has been designed to further enhance contract certainty of multinatio...

Posted: Dec 31, 2025

Mexico Train Derailment Piles Pressure on Sheinbaum Over Safety of Megaprojects

Mexico’s President Claudia Sheinbaum deferred questions on Tuesday about the record of a passenger train that derailed over the weekend, killing 13 people and injuring 98 others, the latest in a series of accidents that have put pressure on her...

Posted: Dec 31, 2025

Some Good Climate News to End the Year

Planet-warming greenhouse gas emissions kept rising in 2025 and country pledges to cut them are nowhere near where they need to be to avoid catastrophic climate change, but there were silver linings too. The world is decarbonizing faster than was &#8...

Posted: Dec 31, 2025

2025 Was One of Three Hottest Years on Record: Researchers

Climate change worsened by human behavior made 2025 one of the three hottest years on record, scientists said. It was also the first time that the three-year temperature average broke through the threshold set in the 2015 Paris Agreement of …

Posted: Dec 31, 2025

China Lashes Out at Criticism as Taiwan Drills Seem to Wind Down

China blasted Western criticism of its most intrusive drills ever around Taiwan as its armed forces appeared to wrap up the maneuvers. The Taiwan question was an “internal affair” and “no country is entitled to make irresponsible co...

Posted: Dec 31, 2025

Severity Was Up, But Will Falling Claims Volume Impact the Profession?

The average claim severity during the third quarter 2025 could turn out to be one of the highest quarterly amounts in recent history, however the quarter will produce the lowest claim volume in five years—continuing a trend of decreased catastrophe &...

Posted: Dec 31, 2025

AI, Litigation Funding and Market Currents: What CM Readers Cared About in 2025

As 2025 unfolded, Carrier Management readers gravitated toward features that explored the intersection of technology, economics, and strategy. From artificial intelligence transforming underwriting to litigation funding reshaping claims costs, and re...

Posted: Dec 31, 2025